Jingu Information | Most of the game stocks are up, with Bilibili (09626) up 15.89%, Netease (09999) up 4.12%, xd inc (02400) up 2.94%, igg (00799) up 2.83%, tencent (00700) up 2.52%.

On the news front, the China Audio-visual and Digital Publishing Association Game Industry Committee released the "August 2024 Monthly Report on China's Game Industry", which reported that the August game market revenue in China reached 33.64 billion yuan, a 21.01% increase from the previous month and a 15.10% increase year-on-year. The actual sales revenue of domestically developed games in China reached 27.261 billion yuan, a 32.90% increase from the previous month and an 8.35% increase year-on-year. We believe that the significant growth is mainly due to the release of "Black Myth: Wukong".

HTSC research report stated that, according to Gamma Data, the scale of the mobile gaming market in July and August 2024 decreased by 4.3% and 1.6% respectively, mainly due to the high base in July and August 2023 (increased by 51.1% and 63.7% respectively). In terms of different subsidiaries, there is a significant differentiation in product cycles. Looking ahead, with continued strong issuance of game licenses, game companies in 2025 will have new products launched, which are expected to contribute to certain performance flexibility.